back to article Singapore distances itself from local crypto companies

The Monetary Authority of Singapore (MAS) said on Tuesday that its cryptocurrency regulations will add measures to protect consumers, in addition to ongoing work to contain money laundering and terrorist funding. "Most regulatory regimes today do not cover areas such as consumer protection, market conduct, and reserve backing …

  1. Flocke Kroes Silver badge

    Ponzi progress

    Before each generation can cash out a new generation must be suckered into buying in. Crypto has reached the point where the only people dumb enough to invest are politicians. I fully expect the UK government to leap in by guarantying bail out future crypto crashes with tax payers' money.

    1. Jedit Silver badge
      Headmaster

      "guarantying bail out future crypto crashes with tax payers' money"

      You're acting like the government won't be the people buying the crypto and receiving the bailout.

      The dumb people in a scam are the people who buy in thinking they can get out with someone else's money. The scammers are the people who buy in knowing that they can. If you know can bail yourself out with the taxpayers' money, then you're not one of the dumb people. You're someone who has a sucker you can sell to without them even agreeing to it.

    2. This post has been deleted by its author

  2. tony72

    Hit rate

    Terraform Labs, 3AC, and Vauld *all* headquartered in Singapore?!!? Talk about a clusterf**k. If I was a conspiracy theorist, I would be wondering if that was purely coincidence.

    1. iron Silver badge

      Re: Hit rate

      Alternatively...

      Terraform Labs, 3AC, and Vauld *all* collapsed crypto companies? Talk about a clusterfuck. If I was a conspiracy theorist, I would be wondering if that was purely coincidence.

      Hint: It isn't, they were all a scam.

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